Quote:
Originally Posted by donoreo
It depends on how empowered he is. They have people in charge of groups of publications that Marcus and Geoff (DCM) and and Chris (P+) report to. I do not have a magazine with me, but some of this is listed on the details page where the editors and contributors, etc are listed. Given that Future has so many publications they have a bureaucracy before things get to the top with CEO Stevie Spring.
I would expect changes soon, changes cost money. Looking at Future's half year we see this:
Results: H1 11 H1 10
Revenue £68.8m £71.4m
EBITA * £2.4m £4.4m
EBITA margin 3.5% 6.2%
Operating profit £1.8m £3.0m
Reported Pre-tax profit £1.2m £2.2m
Earnings per share (p) 0.2p 0.4p
Adj ** earnings/share (p) 0.4p 0.7p
Dividends (p/share) 0.5p 0.5p
* EBITA represents operating profit before amortisation of intangible assets.
** Adjusted earnings per share are based on statutory results, but exclude amortisation of intangibles and related tax effects.
So, revenue is down, profits are down.
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Could also be part of the reason they are requesting £10 for the POTY (and why many haven't contributed here recently - maybe they've gone....)
One thing for sure, the magazine needs to keep improving along with it's website - readers are not very loyal for long and always want the best....
Phil